Stories for March 2007

Friday, March 30

Film Financier Buys Image Entertainment

Independent home entertainment distributor Image Entertainment has been acquired by an investment firm headed by film financier and producer David Bergstein for $132 million.

MTV Plans Virtual Valley

Van Nuys will be the setting for a new online game developed by MTV Networks.

Local Officials Lobby For High Desert Freeway Funding

Officials are lobbying for federal funding to construct a highway that would link the Antelope and Victor valleys and turn the High Desert areas into an inland port.

Mid Valley Chamber Changes Name

The Mid Valley Chamber of Commerce has changed its name to the Greater San Fernando Valley Chamber of Commerce.

Thursday, March 29

Environmental Report Ordered on Holy Cross Project

A plan to construct a new patient care tower at Providence Holy Cross Medical Center in Mission Hills has been shelved for two months as the city Planning Commission mills over whether the $143 million project needs an environmental impact report.

Moorpark Commission OKs Hotel

The Moorpark Planning Commission has approved a four-story Fairfield Inn & Suites.

Low Cost Car Insurance Extended to Ventura Co.

The state's Low Cost Automobile Insurance Program has expanded to include Ventura County.

MEND Won't Be Moving to New Site, For Now

The nonprofit Meet Each Need With Dignity won't be able to move into its new $8.5 million headquarters in Pacoima because it was not issued the correct permits in time for the grand opening this weekend.

Valley Law Firms Merge

Adam D.H. Grant & Associates has merged its offices with Alpert & Barr.

Youbet Carries Philadelphia Track Races

Youbet.com Inc. will carry racing content from Philadelphia Park Casino and Racetrack starting Saturday, the company announced.

Semtech Up To Date with Financial Reports

Semtech Corp. is now current with required federal financial reports following the filing of an amended annual report and three quarterly reports, the company announced Thursday.

Bill Introduced to Add Valleys to Recreation Area

U.S. Rep Adam Schiff has reintroduced a measure to look at expanding the Santa Monica Mountains National Recreation Area to include the mountains that encircle the San Fernando, Simi, Conejo and La Crescenta valleys.

L.A., Ventura Cos. to Get Millions in Fed Funds for Insurance

Los Angeles and Ventura counties are two of 10 California counties that will receive a total of $540 million in federal dollars to test ways of providing health services to the underinsured, the governor's office announced Thursday.

Wednesday, March 28

No Charges Against Electronic Clearing House

U.S. prosecutors will not file charges against the Camarillo payment processor Electronic Clearing House as part of an investigation into online gambling.

Motorola, QUALCOMM Invest in GoTV

Mobile content provider GoTV Networks received funding from Motorola Ventures and QUALCOMM Inc., the company announced.

Disney to Build Florida Arena

Walt Disney Co. is planning to build an indoor arena at Walt Disney World Resort in Lake Buena Vista, Fla.

United Chambers Condemns Garcetti Letter

The United Chambers of Commerce of the San Fernando Valley has sent letters to elected city officials condemning City Council President Eric Garcetti's support of a boycott of the Hilton Hotel near Los Angeles International Airport.

Burbank Toughens Smoking Ordinance

The Burbank City Council has voted to ban smoking in virtually all public places in the city.

Tuesday, March 27

Manufacturing Still on Top Despite Job Loss

Los Angeles County remains the nation's top manufacturing center despite a loss of more than 9,000 jobs last year, according to a report by the Los Angeles County Economic Development Corp. released Tuesday.

Poll Finds Homeowners Confused About Mortgages

A survey of homeowners has found that 34 percent had no idea what type of mortgage they had.

Intuit Deal to Acquire Camarillo Company Falls Through

A deal by business software maker Intuit Inc. to acquire Camarillo-based Electronic Clearing House Inc. has been terminated, the company announced Tuesday.

Video Search Firm Debuts New Platform

Internet video search company ClipBlast! launched on Tuesday its new platform making it easier for viewers to find videos online.

Simi Assisted Living Home Approved

The Simi Valley City Council approved a revised proposal for a 94-bed assisted living facility at Tierra Rejada Road and Village Parkway.

Santa Clarita Cross-Valley Connector Finishes Early

Construction is finishing five months early on a vital portion of road that connects two sections of Santa Clarita.

Modified Marketing Agreement for Nestle, Coke

Nestle and Coca-Cola Co. have reached an agreement to modify a beverage joint venture the two companies had established previously.

Monday, March 26

Santa Clarita Enterprise Zone Boundaries Approved

The state Department of Housing and Community Development department has approved the final boundaries for the new Santa Clarita enterprise zone.

Albertsons Workers OK Strike

More than 11,000 Southern California Albertsons workers have authorized a strike if negotiations with the grocery company fail.

City Creates New Congestion Relief, Street Repair Program

Mayor Antonio Villaraigosa on Monday introduced a new program to reduce traffic congestion and repair streets in heavily traveled areas of the city.

Mixed Numbers from Unico

The Woodland Hills insurance company Unico American Corp. increased both fourth quarter and fiscal yet net income, although its revenue showed decreases in both periods, the company said Monday.

Friday, March 23

New Office Tower Planned in Burbank

Higgins Development Partners LLC is set to develop an office tower in Burbank's Media District.

HemaCare Revenues Up 21% in '06

HemaCare Corp. reported record revenues of $10.7 million for the quarter ended Dec. 31, an increase of 21 percent from a year ago.

Ventura Co. Star Offers Buyouts

The Ventura County Star offered buyouts to nearly two dozen employees, many in the editorial department.

Amgen Off 4% Friday

The Thousand Oaks drug maker Amgen Inc. finished Friday down more than 4 percent and hit a year-low after a week of rough news.

Moorpark Council Fines Time Warner Over Cable Service

The city of Moorpark has slapped a $25,000 fine against Time Warner Cable over what it says is poor service provided to customers.

Blue Cross Cancellations Ruled Illegal

State regulators have fined Thousand Oaks-based Blue Cross of California $1 million after an investigation found the insurer regularly dropped policies on sick or pregnant clients.

Nearly 250 New Homes Approved for Agua Dulce

The Regional Planning Commission has approved a plan to construct 247 homes in Agua Dulce just north of Santa Clarita.

Earl Scheib Losses Increase

Earl Scheib Inc. reported a net loss of $1.4 million or $0.32 per diluted share for the fiscal third quarter ended Jan. 31, 2007 on revenues of $9.4 million.

Thursday, March 22

Countrywide Exec Testifies on Subprime Lending

Countrywide notes that foreclosures could hit record levels, but cautions feds on over-regulating.

Electronics Co. Nabs U.S. Patent

Simi Valley electronics company Topaz Systems Inc. has been granted a patent for an electronic signature authentication system.

Canadian Retailer Opens First Valley Unit

Lululemon Athletica Inc. will open its first San Fernando Valley store at The Commons in Calabasas on April 6.

Valley Firms Expand Movielink Music Content

Video-on-demand service Movielink will offer expanded music offerings after making deals with two San Fernando Valley companies.

North American Scientific Gets New Chief

Transition occurs as North American Scientific prepares new breast cancer treatment.

Congressman to Amgen: Stop Advertising Anemia Drug

A congressman has asked Thousand Oaks drug maker Amgen Inc. to stop advertising its popular anemia drugs until a federal investigation into its safety is completed.

NBC, Fox to Launch YouTube Competitor

The joint venture partners will distribute films, TV and other content through MySpace.

Wednesday, March 21

Biosensor Co. Revenue Up 103% in '06

The Woodland Hills biosensor company SPO Medical Inc. reported its gross revenues increased 103 percent during 2006.

Cal State Faculty OKs Strike

California State University faculty has authorized a strike if they and administrators can't agree on a pay increase before next month.

EdenTree Inks Deal With Calient

EdenTree Technologies has inked a reseller agreement under which it will be able to integrate its Lab Manager software with switching products made by Calient Networks.

County Sup Floats Inland Port Plan

L.A. County Supervisor Michael Antonovich has introduced a plan to construct an "inland port" in the Antelope Valley.

Councilman Wants to Add 'Green' Pension Funds

Valley City Councilman Greig Smith has introduced a motion to have the city's Deferred Compensation Plan include a portfolio of mutual funds invested in environmentally conscious companies.

Tuesday, March 20

Superior Narrows Loss

Van Nuys-based manufacturer Superior Industries International Inc. reported a net loss of nearly $5 million for the fourth quarter on revenues of $212 million.

FDA OKs New St. Jude Heart Device

Medical device maker St. Jude Medical Inc. received Food and Drug

Claire's Agrees to Buyout

Claire's Stores Inc., operators of some 3,000 fashion accessory stores internationally and a fixture in just about every San Fernando Valley shopping mall, has agreed to be acquired by Apollo Management L.P. for $3.1 billion or $33 per share.

Youbet, Louisiana Racetrack in Promotion Deal

Youbet.com, Inc. signed a co-promotion agreement with a racetrack in Louisiana, the company announced Tuesday.

Thousand Oaks Transit Up in '06

Transit usage in Thousand Oaks increased 13 percent in 2006 from a year ago, the city announced.

Move Launches New Web Service

Move Trend Spot will feature information, trends and top 10 lists.

Monday, March 19

Ira Rosenblatt

Stone, Rosenblatt and Cha

Arden Puts 4.6 M Feet Up for Sale, Plans to Buy More

With its transition under the ownership of GE Real Estate complete, Arden Realty Inc. is getting busy

American Reprographics Adds in Mid-Atlantic

American Reprographics has acquired MBC Precision Imaging, a document copying company in Washington, D.C., and Baltimore.

Crown Tinkers With Hallmark Channel - Just a Little

Staff Reporter Chris Coates details how the Hallmark Channel plans to attract younger viewers and hopefully ad dollars.

Profession Gains National Visibility

The Valley legal climate, once based mainly in personal injury law, has come a long way in recent years

David Gurnick

Lewitt, Hackman, Shapiro, Marshall & Harlan

Armand Arabian

ARMS Providers Inc.

James Felton

Greenberg & Bass LLP

Valley Law Firms Involved in Cutting Edge Specialties

As businesses and social issues evolve, so do the law specialties that serve them

The Auto Gallery Revs Up For Summer Showroom Opening

The owners of Auto Gallery are expanding their Woodland Hills showroom

HD Expo Attendees Discuss Digital's Industry Influence

The emergence of high-definition technology is creating some unforeseen issues

How We Selected the Top Lawyers of the Valley

Editor Jason Schaff details how the Business Journal selected its picks for the top 25 lawyers in the Valley area.

Laser Maker Posts Loss for Fiscal Year

Despite new products, new commercial sales and government contracts, QPC Lasers Inc. posted a $18.7 million net loss for the 2006 fiscal year.

M.C. Sungaila

Horvitz & Levy

James E. Blatt

Law Offices of James E. Blatt

Manufacturer Finds Answers to Industry Woes

It would have been easier and cheaper to close up and move elsewhere. So why did the owner of a small Chatsworth manufacturing shop decide to stay put?

Gregory Owen

Owen, Patterson & Owen

Lee Kanon Alpert

Alpert & Barr

Museum Magic

Bob Rogers' BRC Imagination Arts Brings History To Life For A Diverse Group of Corporate And Institutional Clients

A Modest Proposal to the Successful

Martin Cooper on the role sucessful businesses should have on those less fortunate.

Ticket Broker Makes Acquisition

Ticket broker Tix Corp. has bought out AnyEvent.com, another ticket selling firm with two national offices.

Sports Marketing Veteran Heads New Office

A sports marketing and consulting firm appointed an industry veteran who helped popularize pro beach volleyball and snowboarding tours to head its new San Fernando Valley office.

Keith Zimmet

Lewitt, Hackman, Shapiro, Marshall & Harlan

Doctors in Outlying Valleys Turning to Medical Condos

With escalating construction costs and growing rents, an increasing number of physicians in the Valley area are opting out of renting space in traditional medical office buildings.

AROUND THE VALLEYS

The Valley Fair is moving north, plus other news from around the valleys

Digital Media Summit Yields Deal for NBC, Break.com

Media conglomerates plan for greater share of Internet

Don Gottesman

Gottesman, Kulik, Mouton & Siegel LLP

Scott Barlow

ValueClick Inc.

Breaking Barriers

Don Krebs turned a devastating water skiing accident into a business that's helping physically-limited people stay fit

Santa Clarita Plays Sports Tourism Game

Santa Clarita is staking a claim in a new cottage industry it hopes will bring more attention and dollars to the area: sports tourism

Jonathan B. Cole

Nemecek & Cole

Sue M. Bendavid-Arbiv

Lewitt, Hackman, Shapiro, Marshall & Harlan

Why It's a Man's World at Many Valley Law Firms

With law schools churning out thousands of female graduates, why do so many law firms have so few women partners?

Judith Perez

Perez & Hawes LLP

Maren Christensen

Universal Studios

Linda C. Miller Savitt

Ballard Rosenberg Golper and Savitt

OC Car Dealer Expands to Valley

The operator of a high-end Orange County car dealership has paid $2.5 million for a Calabasas plot and plans to expand north.

Manufacturers Show Solid Commitment to Innovation

Staff Reporter Mark R. Madler on the upcoming WESTEC manufacturing trade show

Shellie Samuels

District Attorney's Office, Major Crimes Unit

John Genga

Genga & Associates

Sanford Michelman

Michelman & Robinson

NEWSMAKERS

Valley business people in the news and on the move

ASK Law Group's Troubles Rattle Local Legal Industry

The Valley legal community reacts to news that two of its own have been charged with visa fraud

North American Scientific Loss Widens

The Chatsworth medical device maker North American Scientific Inc. reported its first quarter fiscal year net loss widened compared to last year.

Move Inc.'s Right Moves in Legal Woes Kept It Alive

Behind the scenes of how Homestore.com rebuilt itself from the brink of financial disaster

Alan J. Skobin

Galpin Motors Inc.

Valley Firm Becomes Asset in Video-on-Demand Market

The parent company of Hollywood Video is moving into the lucrative video-on-demand market with the purchase of a Disney-funded company

Drew Pomerance

Roxborough, Pomerance & Nye

Arthur Rieman

The Law Firm for Non-Profits P.C.

Richard S. Rosenberg

Ballard Rosenberg Golper & Savitt LLP

Suite New Hotel at Agoura Hills Site

A new hotel has opened in Agoura Hills

FDIC Issues Order Against Fremont

Fremont General Corp.'s decision to exit the sub-prime mortgage market came despite an apparent willingness by regulators to work with the company's industrial bank to upgrade its lending practices, regulatory sources said Wednesday.

Carl J. Kanowsky

Kanowsky & Associates

Saturday, March 17

Business Journal Honors 'Top Lawyers'

The San Fernando Valley Business Journal honored The Top 25 Lawyers of the Valley area with a March 7 awards ceremony at Beverly Garland's Holiday Inn in North Hollywood.

Friday, March 16

Six Flags Loss Grows

Six Flags Inc. reported a fourth quarter loss of $189.7 million, or $2.07 a diluted share, after writing down the value of several parks it had planned to put up for sale.

Valley Hotels Charge More for Rooms: Study

Santa Clarita hoteliers charged 9.3 percent more for a room in January than they did just a year prior, according a study of hotel trends by tracking firm PKF Consulting.

New Hotel Planned for Palmdale

Plans are in the works to construct a seven-story hotel in Palmdale.

Digital Creator Honored at Summit

Social media company fix8 was recognized with the Best in Show award at the iHollywood Forum's Digital Media Summit, the company announced Friday.

Newhall Coffee Going to Iraq

Newhall Coffee Roasting Co. is donating more than 12,000 pounds of its "Patriot Blend" coffee to troops in Iraq and Afghanistan.

Construction Costs Back on the Rise

Expect the cost of some construction materials to go up again.

Bally Could File Chap. 11

Bally Total Fitness said in a financial filing that it is exploring filing Chap. 11 as a result of lower membership revenues and increased operating expenses.

Thursday, March 15

Feds to Study Amgen Drugs

The Centers for Medicare and Medicaid Services announced Thursday it plans to launch a study of "off-label" uses of anemia drugs, including those developed by Thousand Oak-based Amgen Inc.

Optical Communications Starts Year with Loss

Woodland Hills-based fiber optics components manufacturer Optical Communications Products Inc. reported a net loss for the first quarter of its 2007 fiscal year.

College of Canyons Center to Break Ground Friday

Officials will break ground Friday on the $36 million University Center at College of the Canyons in Valencia.

Airprotek Adds Line of Helmets

Newbury Park-based startup Airprotek International Inc. has inked a deal to distribute power-sports safety products manufactured by Zicen Corp.

CSUN Adds New Master's Degree Programs

The Tseng College of Extended Learning at California State University Northridge is developing six new master's degree programs.

Home Sales Slow While Prices Rise

Home sales across Southern California fell to their lowest levels for the month of February since 1997, while prices continued to rise, according to a report just released by DataQuick yesterday.

Wednesday, March 14

Technicolor Expands Test Theaters for Digital Cinema

Technicolor Digital Cinema has added theater chains in the Midwest and New England regions to test its digital theater systems, the company has announced.

Magic Mountain Goes VIP

Guests of Magic Mountain starting this weekend will have a chance to hop to the front of the line for the right price.

FCB, National Mercantile Merger Completed

FCB Bancorp and National Mercantile Bancorp have completed their merger creating First California Financial Group Inc.

Cherokee Moves Into Latin America

Cherokee Inc. has signed with P & L; Global Network in Latin America to license its Sideout Brand.

Mayor Creates New Senior Valley Position

Mayor Antonio Villaraigosa on Wednesday named a lifelong Valley resident to a newly created position as his top official in the San Fernando Valley.

Valley Immigration Consultant Sentenced in Scheme

A West Hills immigration consultant was sentenced to 30 months in federal prison for spearheading an immigration fraud scheme that allowed as many as 99 illegal immigrants enter the country.

Tuesday, March 13

FBBH Earnings Lackluster

Beverly Hills Bancorp Inc., parent of First Bank of Beverly Hills in Calabasas, said that its net income dipped slightly to $14.8 million or $0.72 per share for the year ended Dec. 31, compared to $15.1 million or $0.70 per diluted share in the prior year

DAUM Splits With GVA

DAUM Commercial Real Estate Services has severed its relationship with GVA Worldwide, noting that the affiliation no longer meets its strategic objectives.

Self-employed Discover Fewer Insurance Choices

Health plans offered by professional groups are becoming increasingly rare, creating headaches for self-employed professionals who need coverage.

Nielsen to Calculate TV Watchers Outside Home

The ratings compiler Nielsen is trying to gauge a new group of viewers: those watching TV out of the living room.

Burbank Broadcaster Withdraws IPO

Burbank-based Lieberman Broadcasting Inc. has withdrawn its $150 million initial public offering.

Youbet Reports Mixed Fourth Quarter

Youbet.com Inc. on Tuesday reported both an increase in revenue but a net loss for the fourth quarter of 2006 and the full year.

Porter Ranch Developer Dies

Services were held today for Nathan Shapell, a homebuilder who helped develop Porter Ranch.

TVN, Cox in Cable Channel Deal

TVN Entertainment Corp. landed a deal with a major cable company to provide a channel promoting the company's on-demand programming.

United Online Expands Reach of Broadband Service

Woodland Hills-based United Online Inc. is expanding its broadband Internet service into major metropolitan areas serviced by Covad Communications Group Inc.

DreamWorks Eyes Third Dimension

DreamWorks Animation SKG Inc. said today it intends to produce all of its films in 3D starting in 2009.

Monday, March 12

Santa Clarita Filming Up 94% in February

Television and motion picture production days in Santa Clarita increased 94 percent in February from a year before, the city's Film Office reported.

Antelope Valley Hospital Beats Time Limit for Treating Heart Attacks

Antelope Valley Hospital has surpassed the national average time limit for treating victims of an especially dangerous type of heart attack a month after the county designated it a special receiving center.

Thousand Oaks to Fill 5 Spots on Business Advisory Panel

The city of Thousand Oaks is looking for business owners to serve on a business roundtable.

Salem Sees Income Up for Year

Salem Communications Corp. reported a minimal drop in fourth quarter net income and a 50 percent increase in income for the full 2006 fiscal year.

Countrywide Late Home Payments Hold Steady

Delinquent home payments on home loans by Calabasas-based Countrywide Financial Corp. held steady during February, the company reported Monday.

Technicolor Tests Digital Theater Systems with Christie Projectors

Technicolor Digital Cinema selected projectors from Christie USA for its roll out in North America of digital cinema systems, the company announced Monday.

Friday, March 9

American Reprographics Prices Offering

American Reprographics, the Glendale-based printing company, has priced a secondary offering of common shares at $32.25 per share.

Aranesp Worries Prompt FDA to Put Warning on Drugs

The Food and Drug Administration has approved new warnings to be printed on a type of drugs that includes Aranesp and Epogen, two popular anemia products developed by the Thousand Oaks drug maker Amgen Inc.

Teledyne Subsidiary to Acquire East Coast Company

A subsidiary of Thousand Oaks-based Teledyne Technologies Inc. has bought a New England electrical and fiber optic system manufacturer.

Semtech Sales Increase in Fiscal '07

Semtech Corp. reported an increase in sales revenue for its 2007 fiscal year, according to selected figures released Friday.

Corporate Responsibility Website Blossoms at Dole

Dole Food Company Inc. unveiled a new website providing information on its environmental, educational, medical and socioeconomic programs.

Disney Board Re-Elected by Sharholders

Shareholders of The Walt Disney Co. re-elected the 11 members of the media and entertainment conglomerate's board of directors during its annual meeting taking place in New Orleans.

Gold Coast Partners With Pepperdine

Gold Coast Business Forum said Friday that it has formed a partnership with Pepperdine's Graziadio School of Business and Management.

Thursday, March 8

Video Store Chain Owner Buys Burbank Firm

The owner of Hollywood Video stores has acquired a Burbank-based movie-on-demand service for just less than $10 million, it was announced Thursday.

Retail Sales Slow Up in February

Same-store sales growth slowed up in February, registering a 2.6 percent gain versus the prior month and year for about 60 retailers, according to data just released from Retail Forward.

Crown Posts Loss for Q4, Fiscal Year 2006

Despite reporting an increase in subscribers for its Hallmark Channel, Crown Media Holdings, Inc. had a net loss for both the fourth quarter and full fiscal year 2006, the company announced Thursday.

Wednesday, March 7

Digital Insight to Provide Online Services for Florida Bank

Digital Insight signed a 7-year deal to provide online banking services to TotalBank, the company announced Wednesday.

City Councilman Proposes Pollution Post

Valley City Councilman Greig Smith has proposed a city ordinance to allow the city Environmental Affairs Department to issue orders to stop polluters that threaten public health.

Patient Survey Ranks Valley-area Hospital Satisfaction

An online patient survey of California medical centers released Wednesday found that just three out of nine participating Valley-area hospitals were ranked as "superior."

Cheesecake Increases Stock Repurchase Program

The Cheesecake Factory Inc. said it would increase its stock repurchase program by 10 million shares.

Tuesday, March 6

Glendale Power Exec to Step Down

The director of Glendale Water and Power plans to step down from the post this spring, the city announced Tuesday.

Conference Producer Chooses Xirrus Wi-Fi

Wi-Fi networks made by Xirrus Inc. have been chosen for use in medical and corporate conferences produced by Advance Concepts, the company announced Tuesday.

Grocery Talks Extended

The United Food and Commercial Workers has extended the contract deadline covering workers at Ralphs, Vons and Albertsons for two weeks as the union and the corporations continue discussions.

Precision Expands ID Band Line for Leisure Market

Precision Dynamics Corp. will release a new line of identification bands for the leisure and entertainment market, the company announced Tuesday.

Simi Valley Hospital ER Expansion Continues

Construction is moving forward on a multiphase project to expand the Simi Valley Hospital emergency department.

Countrywide CFO Assuages Market Fears

Speaking at an investor conference, Countrywide Financial Corp. officials today told investors that the company was well-fortified against the problems in the mortgage market.

Warner Bros. Joins Digital Delivery Venture

Warner Bros. Entertainment has joined Universal Pictures and a partnership of three movie theater chains to develop a digital cinema delivery system, the company announced Tuesday.

Monday, March 5

MEDICAL ATTENTION

An Encino spa is building on growing demand by men and women for non-invasive cosmetic procedures under a physician's supervision.

Car Sales Sunk in 2006

California car dealers saw a slightly more pronounced decrease in sales than the rest of the country last year, reflecting a general slowdown in the car-buying business, according to a study released Monday by the California Motor Dealers Association.

Aviation Firm Tries to Deal With Loss of Founder

Behind the scenes of how staffers at Sun Quest Executive Air Charter in Van Nuys are handling the loss of their owner and boss who died in a plane crash earlier this year.

Investment Bankers Forming S & L; for Hispanic Market

A group of Woodland Hills businessmen is organizing a savings and loan expected to be located in North Hollywood to serve the Hispanic market.

Wells Fargo Opens Santa Clarita Commercial Unit

Wells Fargo is moving to grab a larger share of the commercial banking market as Santa Clarita continues to expand its population of businesses.

What's Needed to Keep Businesses in Valley?

Editor Jason Schaff on where business people should turn to help increase their businesses.

Union Woes Could Cloud Economy

The local economy will largely hold steady this year and in 2008, although several key businesses mainly television and motion pictures are at risk of slowing

N. Valley Enterprise Zone Unexpectedly Helps Others

If you own a business in the east Valley, you could benefit from a new state enterprise zone.

McFadden Tapped to Oversee Regional Offices of Merrill Lynch

Charles J. McFadden has been named director for the Valley Coast complex at Merrill Lynch.

21st Century Plans Layoffs At Woodland Hills Offices

At least 93 people will be fired in coming months from the Woodland Hills insurer 21st Century Insurance Group.

The State's Ribbon Continues to Shame

Columnist Gregory N. Lippe on gerrymandering and its role on California politics.

Delegations Set Legislative Trips

For chambers of commerce, spring is the peak travel season, when business groups large and small head to Sacramento and Washington, D.C., to lobby elected officials.

Some Heart Patients Will Bypass Henry Mayo Facility

A new county protocol changes where those suffering an especially dangerous type of heart attack in Santa Clarita will be taken.

In the Business of Caring

Morre L. Dean has had a personal interest in hospitals most of his life, now he has focused his attention onGlendale Adventist as its President and CEO.

Officers Take Their Posts As Another Year Begins

The Valley-area's 2007 chambers of commerce have spent the first quarter of the year prepping for a daunting variety of installation ceremonies.

AROUND THE VALLEYS

News from in and around the Valley region.

Aerospace Pioneer Pushes Innovation at CSUN Center

The Ernie Schaeffer Center on Innovation and Entrepreneurship at California State University, Northridge has opened its doors.

MRV Subsidiary, TriAccess Technologies Strike Deal

LuminentOIC Inc. reached an agreement to use integrated circuits made by TriAccess Technologies for its next-generation optical networks, the company announced.

Macy's Gives Funds to Boys & Girls Club of West Valley

Macy's Gives Funds to Boys & Girls Club of West Valley

More Banks May Play Immigrant Card

A look at the possible repercussions of Bank of America offering credit cards to immigrants.

Leyner Appointed to North Valley Planning Commission

Veteran real estate broker J. Richard Leyner is taking a stab at politics.

Internet Takes on Bigger Role

The Internet has turned car buying into a high-tech experience for dealers and consumers alike.

Santa Clarita Sales Tax Revenue Up

Santa Clarita sales tax figures increased 5.6 percent during the third quarter of 2006, bringing in $7.3 million for the city from July to September, according to a study of the most recent figures available by the city.

Cherokee Renews With Target

Cherokee Inc. has extended its contract with Target Corp. through January, 2009.

Telesis Acquires Auto Service

Telesis Community Credit Union has bought AutoSeekers, which it previously owned with California Bear Credit Union.

Daily News Diversity Inches Up As Part of Latino Project

Reporter Mark R. Madler details the latest in publishing news in the Valley area.

Children's Museum Names CEO

Children's Museum of Los Angeles has appointed Cecilia Aguilera Glassman as its CEO.

Upscale Cuban Restaurant Caters to Broad Clientele

Felix Lopez, a successful entrepreneur who created a string of bakeries and cafes, has opened his first full-service restaurant in Glendale.

Countrywide Caught in Downwind

Countrywide Financial Corp. was caught in the downwind today as mortgage lender stocks slid.

Now Showing: Film Festivals Spread in Valley

These days, it seems film festivals are popping up every few months in the Valley region. But are people attending? And are they really helping the area?

$24 million Earmarked for Valley Housing Projects

Los Angeles Mayor Antonio Villaraigosa announced Monday that he plans to release $82 million from a city trust fund to help pay for 21 housing projects for low-income families and seniors.

Van Nuys Plane Co. Adds to Fleet

The Air Group has expanded its fleet of planes at Van Nuys Regional Airport.

Hedge Fund Executive Admits to Bilking Investors Out of Millions

A former account vice president for a Valencia brokerage firm has pleaded guilty to conspiring to commit securities fraud.

Visual Effects Workers Get Support From Group

Behind the scenes of the Visual Effects Society's annual award ceremony.

Friday, March 2

Unico Income Up

The Woodland Hills property and casualty insurance provider Unico American Corp. reported decreased loss-related expenses sent its underwriting income for a subsidiary increasing for the fourth quarter ending Dec. 31.

Countrywide Sees Increase in Delinquencies

The number of delinquent mortgages increased in 2006 for Countrywide Financial Corp.

Marathon This Weekend to Close Valley Streets

Expect significant traffic delays in the eastern portion of the San Fernando Valley on Sunday as the 22nd Los Angeles Marathon kicks off near Universal Studios Hollywood.

Homes Even Less Affordable

Home affordability in Los Angeles County fell to 19 percent in the fourth quarter of 2006, according to statistics just released by the California Association of Realtors.

Thursday, March 1

Amgen Moves to Reassure Investors

Amgen Inc. executives on Thursday reassured investors that its anemia drug Aranesp is safe and effective when used correctly.

Judge Blocks Living Wage

A Los Angeles Superior Court Judge has temporarily halted a city measure to extend the living ordinance to hotel workers near Los Angeles International Airport.

FCB Reports Net Growth

FCB Bancorp, the holding company for First California Bank, said today that net income for the fourth quarter ended Dec. 31 was $1.45 million or $0.44 per diluted share, compared to $1.26 million or $0.38 per diluted share in the fourth quarter of 2005.

Valley Attorneys Indicted on Visa Fraud Charges

A grand jury has indicted two Valley attorneys on charges they filed false employment visa applications.